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Lowell Massachusetts Real Estate By Jennifer Hershey

Lowell Massachusetts Real Estate

Lowell, Massachusetts, is located in Middlesex County, of , and 24 miles NW of Boston, Massachusetts. Lowell has a population of 105,167.

Lowell Homes

Lowell properties pool is 37,887 residential properties including Lowell new homes. Median age of real estate in Lowell is 1945. Average Household size is 3.35 people. 3% are one bedroom homes, 24% are 2 bedroom homes, 46% are 3 bedroom homes, 20% are 4 bedroom homes, and 6% are 5+ bedroom homes.

Lowell Mortgage Statistics

Lowell mortgages vs. USA median statistics

Homes Lowell USA
Homes With No Mortgage 31%
30%
Homes With Mortgage 69%
70%
First Mortgage Only 57%
54%
First & Second Mortgage or HELOC 12%
16%

Lowell Area Real Estate Tax

Lowell Real estate Tax: Median Real Estate Taxes (2000) were $1,924 comparing to 1999 Median Family income $ 45,901. Compare to USA median yearly Real Estate Tax $1,300 and USA median Family Income $42,000 (1999).

Lowell School District: Children make up 26.9% of Lowell population. Lowell has 28,341 under 18 years old residents, or 0.61 kids per one worker, or 0.75 kids per one household.

Lowell Real Estate & Lowell Homeownership

There are 10987.23 or 29% one person households, 10229.49 or 27% two person households, and 6440.79 or 17% three person households in Lowell, Massachusetts. Median residents age is 31.4, Senior citizens (65+) make up 11,313 or 10.8%% of Lowell population.

There are 46,764 workers (over 16 years of age) in Lowell. Of these, 89.42% drive to work. Approximately 3.43% of workers in Lowell take public transportation. An estimated 4.57% walk to work.

Median Lowell homeowner's housing expences are 19.4%

Crime in Lowell (2003), crimes per 10,000 residents per year

Type of Crime Lowell USA, 2003
Violent Crimes
82.35
47.5
Robberies
13.88
14.2
Aggravated Assaults
63.99
29.5
Property Crimes
292.77
358.8
Burglaries
59.52
74.0
Larceny-Thefts
165.17
241.5
Motor Vehicle Thefts
68.08
43.3

Invest in Lowell Properties

When making a decision about buying real estate in Lowell Massachusetts area, you should consider following statistical data:

Category Lowell USA
Near Medium City
-
Near Large City
Boston, Massachusetts
-
Lowell Zip Codes
01850, 01851, 01852, 01854
-
Lowell Area Codes
978
-
White population
68.6%
75.1%
African-American population
4.21%
12.3%
Asian
16.52%
3.6%
American Indian & Alaskan
0.24%
0.9%
Hispanic (of any race)
14.01%
12.5%
Median Family Income (1999)
$ 45,901%
$42,000
Population Below Poverty Level
16.23%
12.4%

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